Zoom Logo

How to Apply for an Individual Entrepreneur PPP Loan in Five Easy Steps - Shared screen with speaker view
Simon GOUDIABY
22:46
Can you reduce the size of your slides so we can see the whole slide?
Paul Oristaglio
25:56
Single Member LLC w/ 1 employee in 2020 but no employees in 2019 and a net loss in 2019 and a net loss in 2020.
Paul Oristaglio
26:37
Disqualifed because there is no profit ?
Patricia Ticker
28:16
same question
KathleenG
32:41
2020 quarter - do you include PPP 1st draw funds? What about any UI benefits received outside of PPP loan period?
Nathan Quattrini
36:26
Being a freelancer, my Gross income is much higher than net, if I use net there is no point to apply for a loan as it will be under $1,000 which isn't helpful. Is there a way to use the gross income? Or is it all based on Net?
Patricia Ticker
38:39
so is this something I can apply for or I have to go through my bank
Lori Ann Golda
40:05
What is the impact on forgiveness for those applying for loans under $50,000, first or second. Exhibits?
KathleenG
40:50
So this PPP is an 8wk period? Not the 24wk?
Teri Terrien
41:32
www.ri.score.org
Teri Terrien
42:01
401-226-0077 is our telephone number
Edward Perrotti
45:16
if I was apply to collect unemployment with the extra weekly allowance allowed as a self employed gig worker,am I eligible for this ppp loanam I
Teri Terrien
45:31
For those of you joining late, William Welsh and David Lucier are SCORE mentors.
Amy Smith
45:58
As a single member LLC start up incorporated in 2019 but not in operation for business until 1/2020, my 2019 schedule C shows a small loss. I’d prefer to use 2020 tax return schedule C to calculate. Does it need to be filed and processed or can I simply estimate/fill it out and submit it based on the information I have prior to filing?
Paul Oristaglio
46:14
Are 1099 contractor costs paid to provide your services eligible operating costs for a service business ?
Yemi Sekoni
47:28
I just learnt that there will be an SVO Grant coming soon that will cater specifically to my industry (aTalent Representative) Can I apply for both, or just one or the other?
Paul Oristaglio
48:32
If single member LLC fling a schedule C has net loss in 2019 and 2020 are they even eligible?
Sandee Sunders
49:18
If collecting unemployment, can I apply for the PPP Loan??
Kim Amaral
49:25
If you haven't applied for anything yet and are a 1099 contractor with no employees -- can you apply for Pandemic Unemployment AND PPP Round One now? If so, Are there limits if you apply for both?
Nicole Burke
49:42
can you collect unemployment amd still request a ppe loan
Bill Cunningham
50:21
https://home.treasury.gov/system/files/136/PPP-Borrower-Application-Form.pdf
Patricia Ticker
50:22
run a mobile recording studio, completely shut down due to covid. is this something I can apply for. I am the only employee
pbryanchase
50:31
What if I've been in business since Feb 15, 2020, but have yet to register my business with the State and thus not yet have a Tax ID #?
Bill Cunningham
51:33
https://home.treasury.gov/system/files/136/PPP-Second-Draw-Borrower-Application-Form.pdf
Amy Smith
53:27
Thank you!
Amy Smith
54:27
Okay, great
Nathan Quattrini
54:53
So if I use 100% of the loan (which will only be $1,000 due to using Net Profit) as wage replacement, will that also be 100% forgiven? Or is it taxable income?
Edward Perrotti
57:59
please clarify the answer to question about the self employed gig worker collecting umplent
Nicole Burke
58:39
yes I would like that clarified also
Patricia Ticker
58:57
what about EIDL
Patricia Ticker
59:30
I have reached out for mentoring
Nicole Burke
59:33
I heard they will be contacting recent applications no new ones can be submitted
Edward Perrotti
59:50
please clarify the answer collecting unemployment as gig worker. are we still eligible for the PPP loan
Teri Terrien
59:57
Our website again is www.ri.score.org
Paul Oristaglio
01:00:14
Single member LLC filing as either S Corporation or Sched C with losses in 2019 and 2020 but payroll cost is eligible to cover payroll costs despite net losses, correct?
Sandee Sunders
01:04:39
If You’re collecting unemployment; are qualified to get a Grant??
Sandee Sunders
01:05:46
Do You have Resources for Grants??
Adrian Burke
01:06:06
Single member LLC filing as either S Corporation or Sched C with losses in 2019 and 2020 but payroll cost is eligible to cover payroll costs despite net losses, correct? IS this only for payroll costs or can also include the operating costs with the 60/40 split?
Nathan Quattrini
01:07:34
Follow up on 100% forgiveness of wage replacement : The way I get paid is generally in chunks. So if I get the $1k PPP can I pay myself for wage replacement as one payment since it is small? Or do I need to drag it out for several weeks? As a video producer my checks can be up to $2.5k in one payment, so I can make that amount in one week. Would I then also forfeit the Unemployment for that week?
KathleenG
01:07:53
Sole proprietor less than $50,000 PPP eligibility: I have computer software licenses & printer supply costs. Am I not allowed to include those? I can only claim payroll losses?
Kim Amaral
01:08:00
As a 1099 contractor with no employees - If I file for PPP First Draw now and also apply for forgiveness, can I apply for Second Draw immediately after - as long as I can show a 25% decrease in Net Profit from 2020 vs 2019? Do I need to wait 2.5 months?
Tina Melo
01:09:59
As a 501(3)(c) non profit I am very happy to finally hear that I can qualify for PPP because we dont have a Schedule C and this has been preventing organizations like myself from applying. So does this mean I can file in 1st draw or should I do the second one. Does it matter?
Adrian Burke
01:10:15
thank you
Tina Melo
01:12:45
Should I apply for PPP 1 ?
Amy Smith
01:12:55
Thank you, everyone, this was helpful.
KathleenG
01:13:36
Thank you, appreciate it
Nathan Quattrini
01:13:36
In order to get exact answers so I can start applying, how can I connect with someone today to discuss my specific questions?